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You may think your home owner's or renter's insurance will cover your firearms and ammunition, but a call to your insurance company will generally show that even if they do carry it, the coverage is relatively modest. With the recent increase in firearm valuations as well as the cost of ammunition, even a few firearms with some stored ammunition will quickly approach or exceed those limits. Last year I went ahead and purchased firearm insurance through a stand alone company called Collectibles Insurance Services. I'm not here to sell you on their services over anyone else's, but have heard favorable reviews. However, the amount of coverage I purchased at the time was based on my rough estimate. I recently took the time to catalog my firearms, including key upgrades, and looked at what the replacement value would be. I also inventoried my ammunition stores and compared that to the current market. If I lost everything today, the dollar value to replace it all would be much higher than it was even a year ago. I encourage everyone to at least figure a rough replacement cost and reach out to your current insurance company. All the better if you perform an inventory and contact a specialized insurer. For what it's worth, the company I chose does not require serial numbers and only needs item descriptions (w/o serial numbers) if individual items exceed $25,000 in value.
Protecting your home and family isn't just about physical defenses and alarms; you need financial protection too.
I'll step down from the soapbox now.
Protecting your home and family isn't just about physical defenses and alarms; you need financial protection too.
I'll step down from the soapbox now.
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